Wsg Provalve Limited
10539031
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/02/2023
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 8 other boards
director · Since 27/02/2023
EUROPEAN REGIONAL DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 4 other boards
director · Since 09/05/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 14 other boards
Persons with Significant Control
Well Services Group Holdings (Uk) Ltd
Unit B, Rosie Road, Normanton, WF6 1ZB
Reg: 10537799 · Companies House Uk · Private Limited By Shares
Notified 23/12/2016
Mr Andrew Burrell
British · United Kingdom · Age 41
Unit B, Rosie Road, Normanton, WF6 1ZB
Notified 24/07/2025
Charges4 outstanding
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
HSBC BANK PLC
GEERT PRINS (AS SECURITY TRUSTEE)
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD
CompanyRankvs 8897+ SIC 71129 peers39
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company ’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going conce
Key FinancialsYear ending 31/12/2022
Turnover
£1.7M
Annual revenue
Net Worth
-£3.9M
Balance sheet strength
Cash
£17k
Cash in the bank
Profit Before Tax
-£981k
Bottom line earnings
Net Current Assets
£703k
Working capital
Current Assets
£1.1M
Current Liabilities
£376k
Fixed Assets
£2.6M
Debtors
£157k
Cost of Sales
£1.4M
Gross Profit
£309k
Admin Expenses
£1.2M
Operating Profit
-£935k
Profit After Tax
-£981k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 2.87 | -£951k |
| 2021 | 1.43 | -£693k |
| 2020 | 0.68 | -£1.2M |
| 2019 | 0.84 | — |
Derived from filed accounts. Not audited figures.